Summary: Senate passes $484 billion coronavirus bill for small business and hospital relief
The Senate passed a new stimulus bill that will give an estimated $320 billion in additional funds in Paycheck Protection Program (PPP) loans and $60 billion in disaster loans. The deal also includes money for hospitals and expanded coronavirus testing. The House is expected to take up the bill later this week and pass it before sending to President Trump to sign into law.
Kabbage is still accepting and reviewing PPP loan applications